In 2023, the UK's public spending on tertiary education stood at a certain value, forming the basis for the forecasted data from 2024 onwards. The percentage variations suggest a declining trend: from 2024 to 2025, spending is forecasted to decline by approximately 13.87%, from 2025 to 2026 by 15.8%, from 2026 to 2027 by 18.36%, and from 2027 to 2028 by 22.11%. This declining trend results in a compound annual growth rate (CAGR) of approximately -17.68% over the five-year period from 2024 to 2028.
Future trends to watch for include potential policy changes or economic conditions that might influence public spending. Additionally, shifts in student demographics and technological advancements in education could also impact allocation and utilization of resources in tertiary education.
